iTunes Raises Hit Single Prices To $1.29

When iTunes announced in January that it was planning to offer music at variable prices [click to read], it was not clear when the change would happen, or if it would happen at all. However, according to The Los Angeles Times, iTunes is moving forward with the plan, boosting prices of hit singles to $1.29. Although the higher price of select singles will lower the price of other songs (new artist releases dropping to 69 cents, and current releases remaining at 99 cents), a few music label execs are criticizing the 30% increase. ââ